Excellent article here that's sure to piss you off once Cameron is back in: http://anotherangryvoice.blogspot.com/2015/05/letter-potential-tory-voters.html
It's pretty hard to justify saying that Labour didn't run up a significant deficit before the economic crash, no? I mean, there was a decade of growth and we didn't have a surplus after 2002 or so. If the idea is that debt is sustainable as long as the economy continues to grow, it seems slightly perverse that even when the economy was booming the deficit as a percentage of GDP kept rising. Unless they were planning an exercise in mass inflation, surely down that road would always lead to a gradually increasing debt?.
How much could they have "saved" though?
I'm no expert, but from looking at the graphs, a couple of years running a surplus and banking the extra money wouldn't have really made a dent in the borrowing figures following the crash.
Also, https://www.youtube.com/watch?v=bR_hfQU-4r0
Excellent article here that's sure to piss you off once Cameron is back in: http://anotherangryvoice.blogspot.com/2015/05/letter-potential-tory-voters.html
Vince Cable admitting that the tories were allowed to sell Labour to the dogs on their mis-truth of Labour wrecking the economy
It's pretty hard to justify saying that Labour didn't run up a significant deficit before the economic crash, no? I mean, there was a decade of growth and we didn't have a surplus after 2002 or so. If the idea is that debt is sustainable as long as the economy continues to grow, it seems slightly perverse that even when the economy was booming the deficit as a percentage of GDP kept rising. Unless they were planning an exercise in mass inflation, surely down that road would always lead to a gradually increasing debt?
That's 11 you fucking liar.
Excellent article here that's sure to piss you off once Cameron is back in: http://anotherangryvoice.blogspot.com/2015/05/letter-potential-tory-voters.html
Yeah, but that wasn't what Cable was arguing. He said "I think this very simple view that the Conservatives perpetuate that the last government went in to the banking crisis with a very large deficit simply was not true." What you're saying is that the level of deficit wouldn't have made a difference (though IMO it would) but Cable's point is that they objectively weren't. My question is that if that's his position, even if there'd never been a crash we would have been in trouble at some point because our deficit was out-pacing our growth and tax income. The idea behind deficit spending is that it's OK because when you have low interest rates and/or print money, growth rates and inflation will cancel out the debt and allow you to keep spending. But our deficit was growing, which suggests this wasn't happening, and this was in a decade of pretty spectacular growth. So I think Cable's wrong. No?
Yeah, but that wasn't what Cable was arguing. He said "I think this very simple view that the Conservatives perpetuate that the last government went in to the banking crisis with a very large deficit simply was not true." What you're saying is that the level of deficit wouldn't have made a difference (though IMO it would) but Cable's point is that they objectively weren't. My question is that if that's his position, even if there'd never been a crash we would have been in trouble at some point because our deficit was out-pacing our growth and tax income. The idea behind deficit spending is that it's OK because when you have low interest rates and/or print money, growth rates and inflation will cancel out the debt and allow you to keep spending. But our deficit was growing, which suggests this wasn't happening, and this was in a decade of pretty spectacular growth. So I think Cable's wrong. No?
Wonder what the weather will be like tomorrow. Given how close it is, and the impact rain has on Labour voters, it could really make a difference in some very important narratives...
That opinium poll is basically confirms what we already know. It's going to be damn close.
I honestly suspect that the Tories will end up with enough seats for a slim majority. I really don't see Labour offering much to the sort of older voter that tends to be invisible on advance polls.
Much like the Scottish Independence vote, when push comes to shove grey voters will opt for the "tried and tested" choice.
#JeSuisEd is trending on Twitter. It's just pictures of people failing to eat bacon sandwiches.
Until a majority parliament goes "Fuck it, that law was a bit stupid anyway".
A lot of opinion polls now factor in such things. They include all sorts of weightings and potentials.I honestly suspect that the Tories will end up with enough seats for a slim majority. I really don't see Labour offering much to the sort of older voter that tends to be invisible on advance polls.
Much like the Scottish Independence vote, when push comes to shove grey voters will opt for the "tried and tested" choice.
I honestly suspect that the Tories will end up with enough seats for a slim majority. I really don't see Labour offering much to the sort of older voter that tends to be invisible on advance polls.
Much like the Scottish Independence vote, when push comes to shove grey voters will opt for the "tried and tested" choice.
I honestly suspect that the Tories will end up with enough seats for a slim majority. I really don't see Labour offering much to the sort of older voter that tends to be invisible on advance polls.
Much like the Scottish Independence vote, when push comes to shove grey voters will opt for the "tried and tested" choice.
They talked about that on Daily Politics. FTPA requires 2/3 Commons majority to break it.
Tempted to draw some dick pics tomorrow. My constituency, Beverley and Holderness, is Tory with a 12k majority, so my vote is essentially worthless no matter how I vote. FPTP better be taken out and shot after these past two elections.
Tempted to draw some dick pics tomorrow. My constituency, Beverley and Holderness, is Tory with a 12k majority, so my vote is essentially worthless no matter how I vote. FPTP better be taken out and shot after these past two elections.
The alternative is IMO, worse, as you can never have anything but a coalition in reality, and representation of local areas becomes more tricky.
There's no perfect political system sadly.
Greens going HAM in Bristol. Another flyer in my letterbox, I must have had about ten different ones by now. You really get a sense that they sniff a win here, but it's still a long shot.
I honestly suspect that the Tories will end up with enough seats for a slim majority. I really don't see Labour offering much to the sort of older voter that tends to be invisible on advance polls.
Hmmm, maybe they shouldn't be allowed to vote over 60, you've had your turn, you bitter old crone.
The alternative is IMO, worse, as you can never have anything but a coalition in reality, and representation of local areas becomes more tricky.
There's no perfect political system sadly.
I honestly suspect that the Tories will end up with enough seats for a slim majority. I really don't see Labour offering much to the sort of older voter that tends to be invisible on advance polls.
Much like the Scottish Independence vote, when push comes to shove grey voters will opt for the "tried and tested" choice.
Heh, its more likely older voters have had their hopes squashed by successive Labour governments failing to deliver on their promises and/or are of the opinion that they always leave the economy in a worse state by the time they leave power.
Its funny to me, so much talk still persists of the dark days of Thatcher's Britain, yet you tend to hear a lot less of the bankrupt and industrial-action paralyzed Britain of the 70's... Memories of how bad it got in that decade (and reaching its nadir under the Callaghan government) are long and bitter.
Not to say that the Tories are synonymous with sweetness and light... but the truth is that Labour has traditionally presented itself as the party that's "here to save us" from the Tory yoke, and that just rings false these days.
They basically turned into something barely distinguishable from the Tories under Blair and after 13 consecutive years in power, the D-Ream was over... things really didn't get better at all! The fall-out from the Scottish Referendum is just icing on the cake.
Personally I'm abstaining this time because I think its a shit-show either way, and I'm not going to spoil my ballot/vote for a group with zero chance of attaining power to produce the same result democratically speaking.
Yeah, but that wasn't what Cable was arguing. He said "I think this very simple view that the Conservatives perpetuate that the last government went in to the banking crisis with a very large deficit simply was not true." What you're saying is that the level of deficit wouldn't have made a difference (though IMO it would) but Cable's point is that they objectively weren't. My question is that if that's his position, even if there'd never been a crash we would have been in trouble at some point because our deficit was out-pacing our growth and tax income. The idea behind deficit spending is that it's OK because when you have low interest rates and/or print money, growth rates and inflation will cancel out the debt and allow you to keep spending. But our deficit was growing, which suggests this wasn't happening, and this was in a decade of pretty spectacular growth. So I think Cable's wrong. No?
Final poll* from ICM, the gold standard of pollsters**, and who have been showing a Tory lead since the start of the year:
CON (35%) LAB (35%) LD (9%) UKIP (13%) GRN (3%)
Could there be a late squeeze on the Green vote? If the Greens get squeezed but UKIP don't, that's very handy for Labour.
There is no chance of either party getting within 30 seats of a majority.
*Actually a preliminary sample before their final, final poll tomorrow morning, kinda weird.
**We'll see if they remain such after the election.
Get what you're saying now.
Honestly, I don't know the answer, we have always seemed to borrow more money than we pay back, but never seems to be a problem.
Probably something about inflation or something I don't know about?
If we look at that, we've only had a couple of periods of surplus in the last 40 years or so and they weren't partially big, but we've managed to pay down debt?
I dunno...
A lot of Conservative voters are older though, aren't they? Given that this is an online survey I doubt it's representative of anyone but young people.Wow just did that survey and with over 678k surveys taken the Conservative polices are the least popular in England, yet they are on track to get the most seats. My results were 80% green 20% LibDem for those interested, not English though so pointless.
A lot of Conservative voters are older though, aren't they? Given that this is an online survey I doubt it's representative of anyone but young people.
Yeah, look at it like this.
Say the economy grows by 2% in a year, and the rate of inflation is 2%. Say we're paying an overall 3% interest on debt (simplified I know). Then in real terms, if we call the debt at the start of the year 1 unit, at the end of the year it is:
1 * 1.03 / 1.02 = 1.01 (roughly)
So debt is now 101% of what it was at the start of the year.
But GDP is 102% of what it was, so our real debt:GDP ratio has gone down.
Hence there's space to borrow some money without real debt:GDP ratio increasing.
Cool, thought it was probably something like that
Well explained, you should be a teacher
Get what you're saying now.
Honestly, I don't know the answer, we have always seemed to borrow more money than we pay back, but never seems to be a problem.
Probably something about inflation or something I don't know about?
*snip*
I dunno...
This is it for Nigel Farage, the last few hours in the most important campaign of his life - and it's Labour voters who will determine what happens next. In what started as a three-horse race in Thanet South, a Conservative campaign source told me they quickly became confident the contest was a straight fight between UKIP and the Tories. Which means the winner will have to bring Labour voters with them. The mum I overheard in a pub garden in Broadstairs illustrates the situation perfectly. She wants to vote Labour and isn't keen on Farage but she is struggling to contemplate supporting the Tories.
There are many others who feel more sympathetic to the UKIP leader who, he hopes, will heed his message of "vote for change". The Conservatives have been sending out leaflets signed by a former Labour candidate. In the bid to "decapitate" UKIP, it's Labour voters who'll have the final say.